Exam 5: Functional and Competitive Strategies

The corporate strategies play a dual role in the implementation of competitive strategy.

Which of the following is an example of high-performance work practices?

________ strategies are the short-term goal-directed decisions and actions of the organization's various functional areas.

The ________ works hard to establish brand loyalty.

Once products are produced, the next step is to efficiently and effectively get those products to the customers when, where, and how they want them.

If Ms. diMatteo wanted to introduce high-performance work practices in her organization, which of the following practices would she adopt?

The marketing mix is commonly known as the

Determining the optimum mix of equity or debt is a decision made by which organizational support process?

High-performance work practices are production policies and practices that can lead to both high individual and high organizational performance.

________ refer(s)to the process of creating and providing goods and services.

Which of the following should be included in an organization's marketing mix strategies?

Ms. diMatteo has decided to use a computerized order taking and fulfillment system in the new location demonstrating her ability to give attention to which of the following strategies?

The strategic decisions associated with the organization are the choice of a system and the choice of type of system needed for which system type?

Product design strategies typically involve an organization's ________ functional area.

An organization's competitive advantage cannot be eroded easily by competitors' actions.

Which of the following is NOT a possible dimension for identifying strategic groups?

Which of the following is a possible production-operations management strategy?

When a company builds a profitable business by "stealing" ideas from other successful peers, it is following a(n)________ strategy.

Competitive advantage is what sets an organization apart from other firms in its industry.

When an organization competes by providing unique products with features that customers value, perceive as different, and are willing to pay a premium price for, it is using a strategy of